by bflindall | Jan 6, 2016 | pensions, retirement
A new report by the Organisation for Economic Cooperation and Development (OECD), confirms UK pensioner’s will retire on just 38% of their former salary. Depressing statistics eh? A full state pension from April 2016 will pay £155.65 a week. That is based on you...
by bflindall | Aug 31, 2015 | annuities, pensions, retirement
The new Pension Freedom rules allow members of final salary pension schemes, or defined benefit (DB), to switch into defined contribution (DC) arrangements and take advantage of the changes. This allows members of defined contribution (DC) schemes to access their...
by bflindall | Aug 5, 2015 | pensions, retirement
People should consider paying into a pension as early as possible. Research from Brewin Dolphin show that for a target net pension of £20,000 at age 68 – excluding the state pension currently set at £115.95 per week for a single person – 25-year-olds would need to...
by bflindall | Jun 25, 2015 | pensions, retirement
The new state pension will start in April 2015 with the introduction of a single-tier state pension which aims to simplify state pension advice for those retiring. An individual’s state pension is based on their National Insurance record. Under the current...
by Psyphadeejay | Jun 25, 2014 | retirement
The perfect annual income (comfortable retirement amount) during retirement is £17,500, according to a new study, based on workers’ modest expectations of life after the office. The study suggested that the key requirements for a happy lifestyle in retirement...
by bflindall | Nov 26, 2013 | pensions, retirement
People should be made to pay into lifelong “personal welfare accounts” under reforms which would see them take more financial responsibility for their old age and National Insurance scrapped, a think-tank has argued. The report from Civitas argued that...
